Answer:
A. An increase in the perceived profitability of Touchtech will likely cause the value of Edison's shares to rise.
B. Expectations of a recession that will reduce economy-wide corporate profits will likely cause the value of Edison's shares to decline
Explanation:
The price of the stock changes only because of the changes in the profitability of the firm. If the company is earning lower profits then the prices of the stock will fall and vice versa. So the option A is correct because increase in profitability increases the value of the shares.
So the main thing here is the profitability of the firm which is affected by the recession in the economy because during the recession period the profitability of the firm decreases and so the value of the stock decreases. So the option B is correct
The National Egg Association has been promoting the benefits of eggs for many years. It aims to educate customers about the nutritional values of eggs through ads which are aired in several states. It is making use of
Answer:
Education-based marketing
Explanation:
Education-based marketing unlike traditional marketing which is done through selling-based messages, are done by sharing important information and facts that help customers make a good buying decision.
Education-based marketing is the sharing of knowledge with the purpose of building trust. It is a strategy that establishes credibility and trust with your customers by using educational messages particularly on the benefits they stand to gain by using a product or service.
Contributory negligence: a. can be a partial defense in product liability cases for negligence. b. is the same as comparative negligence. c. is no longer permitted as evidence in suits. d. none of the above
Contributory negligence can be a partial defense in product liability cases for negligence.
Option: A
Explanation:
In certain regions of jurisdiction of common law, contributory negligence is a safeguard against a negligence based allegation of torture. When eligible, the defense absolutely excludes claimants from any compensation when they respond by their own fault to their own damage. Thus it is a form of liability defense where the defendant may claim that a plaintiff has in some way participated to his own damages or liabilities. A complainant who is deemed to be "contributory incompetent" shall be disqualified from accepting an award of damages.
Harmonization of accounting standards:_______. A. Is the same as convergence of accounting standards.B. Always ensure resulting of comparable financial statements internationally.C. Forces accounting difference to be resolved through litigation.D. Refers to the reduction of alternatives while retaining a high degree of flexibility in accounting practices.
Answer:
the correct answer is D. Refers to the reduction of alternatives while retaining a high degree of flexibility in accounting practices.
Explanation:
The harmonization refers to having a high degree of variation or flexibility in the accounting standards. this allows the standard to be implemented by many organizations in various scales, sizes and industries without affecting their financial performance.
What is the remaining balance on a 30-year, $400,000 mortgage after 70 months? Assume monthly payments and a nominal rate (monthly compounding) of 5.90%.
Answer: The loan balance after 70 months will be $ 366184.45
Explanation:
r = 0.059/12
Present Value (Pv) = 400000
n = 30 x 12 = 360
Monthly Payments = rPv/(1 - (1+r)^-n)
Monthly Repayments = (0.059/12) x 400000/(1 - (1+0.059/12)^-360)
Monthly Repayments = 1966.66664/0.828926661 = 2372.5460074
Monthly Repayments = 2372.55
Loan Balance = PV(1+r)^n - P((1+r)^n - 1)/r
= 400000(1+0.059/12)^70 - 2372.55((1+0.059/12)^360 -1)/0.059/12
= 563849.79539 - 197665.34102 = 366184.4543
The loan balance after 70 months will be $ 366184.45
Brenda is the CEO of a large corporation. While presenting a proposal to a commercial bank for a corporate loan, she offered the bank's commercial loan manager a $10,000 "gift" for favorable treatment. Is Brenda guilty of bribery?
A. Brenda is guilty of bribery because she is dealing with a commercial bank in the normal course of business.
B. Brenda is guilty of bribery whether the manager accepts or not because the offer constitutes the crime.
C. Brenda is not guilty of bribery.
D. Brenda is guilty of bribery only if the manager accepts because the crime has not occurred without acceptance by the other party.
Answer:
C) Brenda is not guilty of bribery.
Explanation:
Bribery can be defined as offering a payment (or paying) to a government official in exchange for a favorable treatment either regarding a personal or commercial issue. In this case, Brenda offered money to a person working in a private company, so she cannot be guilty of bribery.
Bribery is referred to as the illegal offering or receiving the value as the source to influence or manipulate the person to perform the illegal task or the crime. The offerer in this case gets criminally charged.
The correct option is C) Brenda is not guilty of bribery.
Option C) Brenda is not guilty of bribery is correct because bribery can be defined as offering a payment (or paying) to a government official in exchange for a favorable treatment either regarding a personal or commercial issue.
In this case, Brenda offered money to a person working in a private company, so she cannot be guilty of bribery.
To know more about Brenda being guilty of bribery, refer to the link below:
https://brainly.com/question/14995674
A man, who looked about 45 years old, gave a cashier at a grocery store the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) vouchers for some of the food he had just selected. Which conclusion can be drawn from this scenario?
Answer:
He has a teenage daughter that was pregnant or with a little child.
Explanation:
The Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) vouchers are vouchers provided by the federal government to states to ensure that low income pregnant teenager or women, infants and children have access to supplemental food, healthcare, etc. This is in a bid to ensure that every pregnant woman, their children or infants are well taken care of and have access to better health system among other things.
These vouchers cater for over millions of people through their over 40,000 merchants all over the world.
Cheers.
Answer:
he has a child that is less than 5 years old
Explanation:
The WIC program was first set up by the US federal government in 1975 and is carried by the US department of Agriculture. There are four basic requirements that applicants for WIC must pass before obtaining any aid:
Categorical : only pregnant women and up to 6 weeks after giving birth, infants and children up to 5 years old.Residential : must live in the state at which they apply.Income : every state sets an income threshold level for WIC applicantsNutrition Risk: a health professional must determine that the applicant is under nutritional risk and therefore, needs assistance by the WIC program.In the US the average age for a first time father is 31 years old, so a man that appears to be 45 can easily be the father of a small child. The average age of a grandfather is 52. Biologically you can be a grandfather at 45, and even younger, but it is not normal, nor recommendable.
Marcy's mother, Sue, did not want her to date until she was older. She also wanted Marcy to attend law school. Just before Marcy started her freshman year in college, Sue told Marcy that if Marcy would refrain from dating until she received her law degree, then Sue would pay off all of Marcy's school loans and throw in an extra $50,000. Marcy agreed and stated, "Thanks, Mom; when I graduate, I'm throwing you a big party for all you have done for me!" Sue smiles and hugs Marcy. Marcy finished law school and asked for payment of her loans, the $50,000 in cash, and for a car. Sue said, "No way—I know you went out on some dates during law school, and I never agreed on the car." Marcy said those were just study nights and that her mother had never objected to Marcy's frequent statements that she wanted a car upon graduation. Sue asks about the party. Marcy tells her that she is nuts because there is no way Marcy can afford a party since Sue has backed out of the deal. After some serious negotiation, Marcy and Sue settled their dispute with Sue agreeing to pay for half of Marcy's school loans and for all of the expenses of Marcy's upcoming wedding; Sue also agreed to forget about Marcy throwing a party for her. Was there sufficient consideration to support Marcy's agreement to throw a party for Sue?
A) Yes, sufficient consideration was present.
B) No, there was insufficient consideration because Sue did not promise anything in exchange.
C) No, there was insufficient consideration because Marcy's agreement was illusory.
D) No, because throwing a party is not of a monetary value such as to constitute consideration.
E) No, because close relatives are involved.
Answer:
B) No, there was insufficient consideration because Sue did not promise anything in exchange
Explanation:
Remember, in law for there to be consideration there must be something of value (between the parties concerned, which is exchanged for the performance or promise of performance by the other party (such performance itself is consideration).
Thus, it could be said that Marcy's agreement to throw a party for Sue lacked insufficient consideration since there was no stated value because Sue did not promise anything in exchange.
How much consumer surplus will she enjoy? Assume that the student will purchase bags up to, but not including, the point at which she incurs a loss of consumer surplus. $ in consumer surplus.
Answer:
The student must purchase the number of items in which the price exceeds the ability of the student to pay.
The number of bags he will purchase at the price of $4, is 2, because the willingness to purchase is $4.
The solution is therefore 2 sachets of jelly beans.
Whenever the student eats 2 bags of jelly beans at $4, the consumer surplus is determined as follows;
Consumer Surplus
= ($5-$4) + ($4-$4)
= $1.
Final answer:
Consumer surplus measures the difference between what consumers are willing to pay and what they actually pay, indicating the monetary gain from transactions. Scenarios provided show no consumer surplus, meaning consumers pay the value they place on the products. Calculating changes in surplus requires information on consumer valuation and price changes.
Explanation:
Consumer surplus is a key concept in microeconomics that measures the difference between what consumers are willing to pay for a good or service and what they actually pay. To calculate consumer surplus, we subtract the purchase price from the value the consumer places on the product. For example, if a consumer values a sandwich at $12 but pays $8, the consumer surplus is $4. This idea extends to market transactions where multiple units are purchased, and the surplus can additionally be analyzed in scenarios where prices change or different quantities are bought.
In the scenarios provided, it's indicated that the consumer surplus is $0 across different bundle sizes and prices. This suggests that in these cases, consumers are paying exactly what they value the bundles at, leaving no surplus. However, when considering individual transactions where a consumer values the product more than its price, like the sandwich example, the surplus is tangible. Calculating changes in consumer surplus due to price adjustments involves comparing the surplus before and after the price change.
For example, if the market price of a product is $20 and increases by $5, to calculate the change in consumer surplus, we would need information on consumers' valuation of the product at these prices. Unfortunately, without specific valuations or demand curve data for the increase scenario, we cannot calculate the exact change.
n the economy of Talikastan in 2015, consumption was $700, exports were $200, government purchases were $300, imports were $150, and investment was $400. What was Talikastan’s GDP in 2015? a. $1350 b. $1450
Answer:
b. $1450
Explanation:
The formula to calculate GDP is:
GDP = C + I + G + NX (X-M)
Where:
C = consumptionI = InvestmentG = government purchasesNX = Net Exports (Exports - Imports)X = ExportsM = ImportsNow, we plug the amounts into the formula:
GPD = 700 + 400 + 300 + 50 (200 - 150)
= 1,450
The following costs were incurred in May:
Direct materials $ 33,000
Direct labor $ 13,000
Manufacturing overhead $ 23,000
Selling expenses $ 16,000
Administrative expense $ 34,000
Prime costs during the month totaled:
Answer:
$46000
Explanation:
Given: Direct materials $ 33,000
Direct labor $ 13,000
Manufacturing overhead $ 23,000
Selling expenses $ 16,000
Administrative expense $ 34,000
Prime cost include all the cost of company that are directly used in the production of goods and serviced, like, cost of direct material, cost of direct labor, etc which are directly involved in the manufacturing of product.
Now finding prime cost for the month of May.
Prime cost= [tex]Direct\ material+direct\ labor[/tex]
⇒ Prime cost= [tex]33000+13000[/tex]
∴ Prime cost= [tex]\$ 46000[/tex]
Hence, the total prime cost for the month of May is $46000.
An increase in the amount of physical capital per worker _____, while technological progress _____. makes the aggregate production function steeper; makes the aggregate production function flatter shifts up the aggregate production function; moves the economy along the aggregate production function moves the economy along the aggregate production function; shifts up the aggregate production function makes the aggregate production function steeper; changes the slope of the aggregate production function
Answer:
shifts up the aggregate production function; moves the economy along the aggregate production function
Explanation:
An increase in the amount of physical capital per worker shifts up the aggregate production function, while technological progress moves the economy along the aggregate production function.
In the case of an increase in the amount of physical capital per worker, what is implied is that at the same number of labor, output increases; this will shift the aggregate production function outwards.
However in the case of technology, the scenario does not say that technology is remaining at the same level but is progressing for output to increase, hence the movement will not be a shift in the curve but a movement along the curve.
Answer:
An increase in the amount of physical capital per worker MOVES THE ECONOMY ALONG THE AGGREGATE PRODUCTION FUNCTION, while technological progress SHIFTS UP THE AGGREGATE PRODUCTION FUNCTION.
Explanation:
As physical capital per worker increases, efficiency and productivity increases. Physical capital per worker represents the stock of equipment, tools and machinery per worker, e.g. a delivery man distributes 10 packages a day using a bicycle, but if he is given a delivery truck, he will be able to deliver 30 packages per day.
Technological progress result in a rightward shift of the aggregate supply curve. Technological progress increases productivity in a major way, e.g. computers and the internet have changed the way we work and live. New machineries are usually more efficient and are capable of producing more products at lower costs and with lower wastes and residual byproducts. Automated factories are able to work 24/7 at very low costs per unit of output.
On January 1, 2020, Danvers Company purchased a copy machine. The machine cost $800,000, its estimated useful life is 5 years, and its expected salvage value is $50,000. What is the depreciation expense for 2021 using the double-declining-balance method
Answer:
The answer is $192,000
Explanation:
Double-declining-balance method is doubling the rate used.
To find the rate:
100percent÷5years
= 20%.
Doubling the rate:
20% x 2
=40%
Depreciation for December 31, 2020 is:
0.4 x $800,000
=$320,000.
Net book value of the asset at the beginning of January 1, 2021 is:
$800,000 - $320,000
$480,000.
Therefore, depreciation for December 31, 2021 is:
$480,000 x 0.4
=$192,000.
Therefore depreciation for December 31, 2021 is $192,000
The depreciation expense for 2021 using the double-declining-balance method is $300,000.
Explanation:The double-declining-balance method is an accelerated depreciation method commonly used for tax purposes. To calculate the depreciation expense for 2021 using this method, follow these steps:
Determine the machine's depreciable cost, which is the original cost minus the salvage value: $800,000 - $50,000 = $750,000.Calculate the annual depreciation rate: 100% / useful life = 100% / 5 years = 20%.Apply the double-declining-balance rate, which is twice the annual depreciation rate: 2 × 20% = 40%.Calculate the depreciation expense for 2021: Depreciable cost × double-declining-balance rate = $750,000 × 40% = $300,000.The depreciation expense for 2021 using the double-declining-balance method is $300,000.
Suppose again that furniture production is more capital-intensive relative to clothing production, which is more labor-intensive. If the relative price of furniture to clothingrises, this will:___________.A. lower the incomes of both labor and capital owners.B. raise the income of labor owners.C. raise the income of both labor and capital owners.D. raise the income of capital owners.
Answer:Option (D). raise the income of capital owners
Explanation: Suppose again that furniture production is more capital-intensive relative to clothing production, which is more labor-intensive. If the relative price of furniture to clothing rises, this will raise the income of capital owners.
Chad is willing to pay $5.00 to get his first cup of morning latté; he is willing to pay $4.50 for a second cup. He buys his first cup from a vendor selling latté for $3.75 per cup. He returns to that vendor later in the morning to find that the vendor has increased her price to $3.90 per cup. Chad buys a second cup. Which of the following statements is correct? a. Chad’s consumer surplus on his second cup of latté was larger than his consumer surplus on his first cup of latté. b. Chad places a higher value on his second cup of latté than on his first cup of latté. c. Chad’s willingness to pay for his second cup of latté was smaller than his willingness to pay for his first cup of latté. d. Chad is irrational in that he is willing to pay a different price for his second cup of latté than what he is willing to pay for his first cup of latté.
Answer:
C. Chad's willingness to pay for his second cup of latte was smaller than his willingness to pay for his first cup of latte.
Explanation:
Consumer surplus refers to the excess of price a consumer is willing to pay for a good over the price he actually ends up paying.
In the given case, Chad was willing to pay $5 for his first cup of latte. He bought the first cup for $3.75.
Thus, his consumer surplus for the first cup he purchased = $5 - $3.75
= $1.25
Similarly, his consumer surplus for the second cup of latte he purchased being, = $4.5 - $3.90
= $0.6
As can be seen, his consumer surplus has fallen in case of the second cup and also by the concept of diminishing marginal utility by which utility derived after each successive unit of consumption falls, Chad was willing to pay lesser i.e $4.5 instead of $5 for the second cup of latte.
Hence, Chad's willingness to pay for his second cup of latte was smaller than his willingness to pay for his first cup.
Which of the following is included in the statement of cash flows? a.Cash flows from investing activities b.Total changes in stockholders' equity c.Changes in retained earnings d.Total assets
Answer: A. Cash flow from investing activities
Explanation:
When we prepare a cash flow statements the sum of following heads are ascertained:
Cash flow from operating activitiesCash flow from investing activitiesCash flow from financing activitiesThe total sum of these three heads provide the net increase or decrease in cash.
Now we add the openening balance of cash to ascertain the closing cash balance which is reported to the final balance sheet of the company under the head Current Assets.
cash flow from investing activities indicates the inflow and outflow of cash of the business in sale and purchase of investments and assets.
When the increase in price for a new video game is 10%, the increase in quantity supplied of that new video game is 60%. What is the price elasticity of supply for that video game?
Answer:
Price elasticity of supply is 6.
Explanation:
Price elasticity of supply measures the responsiveness of supply to the change in the price of the product. We can calculate the price elasticity by following formula:
Price elasticity to supply = % Change in supply / % change in price
Price elasticity to supply = 60% / 10%
Price elasticity to supply = 6
Answer:
The price elasticity of supply of the video game is +6
Explanation:
Price elasticity of supply is used to show the responsiveness of the quantity of goods supplied by a producer to the changes in price. It essentially tells the ratio of the change in quantity supplied to the change in price. In reality, the Price elasticity of supply (PES) is never negative, but can be zero; perfectly inelastic to an infinity value; perfectly elastic.
mathematically, it is represented as;
PES = (% change in supply) ÷ (% change in price)
∴ PES = 60 ÷ 10 = 6 or +6
Marjorie has joined the HR department of Thomas Johnson Inc. as an intern. The organization plans on giving all newly hired site engineers copies of their job descriptions to help them understand what the organization expects of them. Marjorie has been given the task of conducting job analyses and creating job descriptions for the site engineers. Which of the following should Marjorie consider while creating the job descriptions
Answer:
Job descriptions contain detailed specifications of the tasks involved in carrying out each duty.
E) All of the above options should Marjorie consider while creating the job descriptions for the site engineers.
Marjorie should consider all of these factors while creating the job descriptions for the site engineers.
While creating job descriptions, Marjorie should consider the following steps:
Conduct interviews or distribute surveys to collect information from current site engineers, their peers, and supervisors to gain a deep understanding of the job roles.Determine the necessary skills, knowledge, and abilities (KSAs) required for the job by analyzing the data collected.Utilize both task-oriented and worker-oriented approaches to job analysis. The task-oriented approach involves listing detailed tasks, whereas the worker-oriented approach focuses on the characteristics required of the worker.Prepare clear and detailed job descriptions that outline the expectations, responsibilities, and qualifications needed for the role.By following these steps, Marjorie will be able to create effective job descriptions that help newly hired site engineers understand their roles and what is expected of them.
Full question
Which of the following should Marjorie consider while creating the job descriptions for the site engineers?
A) Duties and responsibilities specific to the role
B) Qualifications and skills required for the position
C) Reporting structure and hierarchy within the organization
D) Performance evaluation criteria and metrics for success
E) All of the above
Gomer loses his job as a road construction worker and cannot find another position with equivalent pay and benefits. As a result, he is still checking the want ads and reporting to the unemployment office on a weekly basis. He is considered to be:__________.A. laid off.B. underemployed.C. out of the labor force.D. unemployed.
Answer:
The correct answer is (D)
Explanation:
Gomer losses his job and after that, he couldn't find a suitable job with equivalent pay and benefits. He is still looking for a desirable job and he still checks the want ads and report to the unemployment office every week. This shows that Gomer is still unemployment and looking for a suitable job to start his career.
Answer:
It’s underemployed
Explanation:
A pension fund manager is considering three mutual funds. the first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a t-bill money market fund that yields a rate of 6%. the probability distribution of the risky funds is as follows: expected return standard deviation stock fund (s) 21 % 28 % bond fund (b) 12 18 the correlation between the fund returns is 0.09. you require that your portfolio yield an expected return of 13%, and that it be efficient, on the best feasible cal.
a. what is the standard deviation of your portfolio? (round your answer to 2 decimal places.)
b. what is the proportion invested in the t-bill fund and each of the two risky funds? (round your answers to 2 decimal places.
Answer:
Standard deviation= 17.78
Proportion invested in Tbills= 0.65
Proportion of stocks in complete portfolio=0.346
Proportion of bonds in complete portfolio=0.303
Explanation:
there is a high likelihood of such partnerships reducing competitive pressures on ALL industry members, provided technological change in the suppliers' business is rapid and the item being supplied is a commodity.
The factors a company should consider when determining an industry offers good prospects for attractive profits are growth potential as per the competition appears destined to become stronger or weaker.
Explanation:
The technique for revealing the different market or competitive position that rival firms occupy in the industry are having similar market positions.
The market positions that occupy in an industry and for identifying each rival's competitors are displayed using a visual technique.
The firm will not be a competitive in its industry without understanding the industry's key success factors. Key success factors are functions of both customer needs and competitive pressures.
On November 1, 2016, Cherry Industries, which uses a calendar year as its fiscal year, signs a $12,000, 7%, six-month note payable. Journalize the entry to record the payment of the note and entire interest on May 1, 2017.
Answer: please check the explanation section
Explanation:
note payable = 12000
interest expense = 12000 x 7/100= 840 x 6/12 = 420.
The journal entry for the payment of the 7 % note payable liability on 1 May 2017
Dr Interest Expense 420
Dr Notes Payable 12000
Cr Bank 12420
The Federal Reserve is:__________A) a primary purchaser of Treasury securities and an active participant in the secondary market for these issuesB) a primary purchaser of Treasury securities but not an active participant in the secondary market for these issuesC) not a primary purchaser of Treasury securities but an active participant in the secondary market for these securitiesD) not a primary purchaser of Treasury securities and not an active participant in the secondary market for these securities
Answer: C
Explanation:
The Federal Reserve Board is not a primary buyer of Treasury securities but is an active participant in the secondary market for Treasury securities. The Federal Reserve Board is not a main purchaser of Treasury securities as it does not bid at the Treasury auction weekly where only primary dealers are entitled to bid. However, the Federal Reserve Board trades with them in the secondary market in order to influence the availability of credit.
The crowding-out effect implies that restrictive fiscal policy will increase aggregate demand and employment. lead to a significant increase in the natural rate of unemployment. be highly effective against inflation. reduce real interest rates.
The crowding-out effect implies that restrictive fiscal policy will reduce real interest rates.
Option: D
Explanation:
The crowding out effect is the circumstances where greater interest rates consequences gives output of a decline in private investment expenditure so as to dampen the initial rise in overall investment expenditure. Authorities often embraces a restrictive fiscal-policy approach and raises spending to stimulate economic activity. This contributes to interest-rate rises. Higher interest rates have a impact on private investment choices. A high magnitude of the crowding-out impact can also result in lower economic revenue.
Accountants at Idle Time Gaming, Inc. work with state-of-the-art systems that create financial statements every day, but the interpretation and analysis of those statements can take several hours. The accounting department consists of financial, managerial, and tax accountants. One advantage of departmentalizing the accountants is:____________
A. for efficiency, the employees can coordinate work within the function.
B. for efficiency, their isolation helps them to become focused, narrow specialists.
C. for effectiveness, the camaraderie that emerges promotes "group think," which is always good for the business.
D. for effectiveness, specialized professionals should always be grouped together. It speeds up project completion.
Answer:
One important advantage of the departmentalization of any functional area in any business organisation is that the specialized employees in the specific department can coordinate and work together in any particular project or function within the department.This can remarkably enhance work quality and improve employee performance in the organisation.Hence,the correct answer is option A. in this case.Explanation:
Departmentalization of organisational departments essentially leads to specialization of organisational functions and activities.Such specialization should be supported and facilitated by proper coordination and teamwork of the respective employees.This can essentially lead to a better professional concentration and expert involvement which not only enhances the quality of departmental projects or activities but guarantees smooth and timely completion of the group projects within the respective departments.In this case,if the concerned financial,managerial and tax accountants can be grouped together according to their respective areas of specialization,it would lead to a better professional communication among the experts and develop a cooperative work environment.This is a crucial precondition for developing and maintaining a smooth and effective work coordination and flow within the respective employees in any business organisation.
When one party breaches a contract, the other party can choose from one or more of several_____________ . Generally, a court will grant money, a remedy at___________ , unless money is not sufficient. If that is the case, the court will grant a remedy in____________ .
Answer:
The correct answer to fill in the spaces is: remedies, law, equity
Explanation:
The effects of the breach constitute objectified mechanisms of protection of the interest of the creditor, whose functionality fundamentally depends on the fact of the breach of the contract. These mechanisms are called remedies and correspond to the rights or actions available to the creditor in case of default for the realization of their interest. In the Common Law, the term general remedies is defined as those means by which a right is executed or its violation is avoided, compensated or compensated. And, in particular, remedies for noncompliance are those rights or powers conferred by law or contract to the party affected by the breach, the exercise of which depends on the breach of the other contracting party and the concurrence of its specific factual assumption.
Astrid, a customer service representative with NorthTel Wireless Services, was asked by one of her customers if NorthTel would be interested in joining the chamber of commerce to meet potential customers and increase its contacts in the local business community. Astrid believes this is a very good idea and approached her manager, DeShawn, about becoming a chamber member. DeShawn said to Astrid, "Because the cost of membership is over $500 and you will have to leave the office to attend meetings, I will have to get approval from management above me." NorthTel is an example of an organization with:________.
a. work specialization.
b. unity of command.
c. line managers.
d. centralized authority.
e. decentralized authority
Answer:
NorthTel Wireless Services is an example of an organization with option B) Unity of Command
Explanation:
Unity of Command is a management theory that is used by small, medium, large scale businesses and government. It has a lot of advantages in comparison with others like Centralized, decentralized, line managers and work specialization.
Unity of command provides that an employee is responsible to only one supervisor, who in turn is responsible to another supervisor, and so on up the organizational hierarchy.
To to demonstrate how unity of command works from the bottom up. Consider NorthTel Wireless Services where Astrid, a customer service represnetative answers to her manager, DeShawn who in turn answers to another supervisor and so on.
When you are at the bottom rung and you supervise no one. However, you do answer to your unit supervisor, who answers to her department manager. The department manager answers to the vice president of operations, who answers to the CEO. The CEO answers to the chairman of the board of directors.
Answer:
D) centralized authority.
Explanation:
An organization that operates under a centralized authority, is one where most decisions are taken by upper management only. In this case, DeShawn needs to request permission for joining the chamber of commerce, and it really isn't that expensive, but the company probably has very strict parameters about what decisions middle or lower management can make. Usually all decisions are made by a small group of people that work in the company's headquarters.
Centralized organizations are the opposite of decentralized organizations, where employees are empowered to make most of normal day to day decisions and middle and lower management are able to make decisions regarding minor issues like this one.
The International Trade Administration provides Multiple Choice
1. aid to underdeveloped countries and has limited protection in support of "essential" projects in approved countries and for approved products.
2. credit insurance that minimizes nonpayment risk caused by financial, economic, or political uncertainties.
3. a means to helping U.S. business compete in the global marketplace.
4. underwriting of trade and investments for U.S. firms.
5. risk insurance for companies investing in less-developed countries.
International Trade Administration provides a means to help US business compete in the global marketplace.
Explanation:
International Trade Association constitutes an agency under the US Dept of Commerce and was formed in 1980. It is tasked with promoting export of non-Agri services and goods to the outside market.
Other objectives of ITA include providing information to Americans to help them select markets, ensuring them access to international markets and protecting them from unfair competition from dumping and cheap imports.
ITA as a bureaucratic organisation consists of 3 sub-units. These include Industry & Analysis, Enforcement & Compliance and Global Markets
Joe is working on a design team that uses a computer-aided design (CAD) system. Joe has been complaining that it takes too long to perform tasks such as panning, rotating, and zooming. You have been asked to look at Joe's computer and to make any changes required to increase Joe's productivity.
Answer:
Add a very high-end video board.
Explanation:
Joe used the CAD system for his work. Joe required A good video graphics card to run his CAD system easily.
High-end video graphics cards are normally used to increase the video performance of our system.
In the case of Joe, he needs a system that runs faster with the CAD program, because CAD is used for designing.
Patagonia managers look for employees who actively participate in the sport they design products for (i.e. a surfboard shaper has to love to surf). Requiring this passion and experience is part of the
Patagonia managers look for employees who actively participate in the sport they design products for as part of their hiring strategy.
Explanation:In this case, the subject of the question is Business.
Patagonia managers look for employees who actively participate in the sport they design products for because it is part of their hiring strategy to ensure that the employees have a deep understanding and passion for the sport. By hiring individuals with a personal connection to the sport, Patagonia can create products that meet the needs and preferences of their target customers. For example, a surfboard shaper who loves to surf will have insider knowledge of what makes a great surfboard, which can lead to the creation of high-quality products.
This practice helps Patagonia maintain a competitive edge in the market by offering products that are not only functional but also resonate with the target audience, resulting in higher customer satisfaction and loyalty.
Which of the following budgets are needed to calculate unit product costs? Direct labor budget Direct materials budget Cash budget Selling and administrative budget Manufacturing overhead budget
Answer:
The following budgets are needed to calculate are as follows:
Direct labor budget
Direct materials budget
Manufacturing overhead budget
Explanation:
The three budgets put together are known as production budget which are as a result of sales budget.
When a company determines its projected sales ,it goes ahead to prepare its production budget in order to fulfill forecast sales as contained in the sales budget.The quantity to be manufactured is based on the opening inventory for the period, forecast sales quantity as well as the desired ending inventory quantity.
In order to determine production level,the opening inventory is added to forecast sales and desired ending inventory is subtracted to arrive at the estimated production units for the period.
Final answer:
Unit product costs are calculated using the Direct Labor Budget, Direct Materials Budget, and Manufacturing Overhead Budget. These provide the necessary cost details related to direct production expenses and overheads.
Explanation:
To calculate unit product costs, certain budgets are required for acquiring detailed cost information. Specifically, the Direct Labor Budget, the Direct Materials Budget, and the Manufacturing Overhead Budget are essential. These budgets help determine the direct costs and overhead costs associated with producing a single unit of product. The Direct Labor Budget includes the costs of employees who are directly involved in the production process. The Direct Materials Budget accounts for the raw materials used in the manufacturing of the product. The Manufacturing Overhead Budget comprises all the additional costs necessary for production that are not directly tied to direct labor or materials. This can include items such as utilities, depreciation, and maintenance expenses. The Cash Budget and the Selling and Administrative Budget are not typically used in the calculation of unit product costs, as they deal with cash flow and non-production costs respectively.